TMG Partners has been in the business of developing award-winning, financially-successful, community-based real estate for 35 years. As much as we have accomplished over the last three decades, we believe it is the way we THINK about our region, the risks we manage, the critical timing of our projects and the value we create that sets us apart.

Localism

Real Estate is
a local business.

No, really.

We don’t fly in. We live here.

David CropperDirector of Development

The San Francisco Bay Area is an extremely diverse real estate marketplace with countless micro-business climates teeming with possibility. But you have to be here—and know here—to make the most of the opportunities all around us. Having been exclusively committed to the Bay Area for over three decades, we have developed a keen local intuition which gives us a unique advantage in recognizing both the opportunities and risks in this complex market.

Regionalism

We Think Mega

If we try to solve our land use problems by focusing only on the nine Bay Area counties, we will fail.

Michael CovarrubiasChairman & CEO

As the Bay Area’s economy has grown over the last three decades, so too has its challenges—particularly related to transportation, housing, affordability and climate change. To plan for growth of 4 million more people in the next third of a century, TMG is thinking bigger, beyond our nine Bay Area counties, and working on longer term strategies to create greater connectivity across our entire megaregion.

Timing

It’s got to work at low tide as well as high tide.

Some of our best deals are the ones we didn’t do.

Matt FieldChief Investment Officer

Almost anyone can make money in a positive economic climate. But it takes discipline, depth of market knowledge and experience in all major product types to know when to buy and when to sell. The most profitable deals can be the ones you decide just don’t make sense or are outbid by an “out of town” competitor. Because we are active in our markets on a daily basis, TMG Partners has managed a portfolio through 35 years of market cycles that works in all phases and has withstood the sands of time.

Vision

huh?

Once it’s obvious, it’s too late.

Cathy GreenwoldSenior Advisor

If you wait for the statistical proof to confirm real estate opportunities, you’re looking backwards. TMG Partners has cultivated an approach to studying the business landscape that reveals market opportunities before they become obvious. Our contrarian investment strategy balances optimism and caution with the intent of turning forward-looking investments into no-brainers.

Returns

Redefining IRR

Our measure for success goes beyond profit.

Lynn TolinChief Operating Officer

Most investment professionals have a clear understanding of IRR: Internal Rate of Return, a purely financial measurement of performance. At TMG we use a different definition. For us, IRR means balancing Integrity, Relationships and Results. We measure every aspect of our business through this lens to ensure our partners, communities, tenants and buyers are treated with the highest degree of respect and responsibility while we consistently deliver superior financial performance.

SAN FRANCISCO, March 26, 2014 /PRNewswire/ -- In a joint venture, TMG Partners, one of the San Francisco Bay Area's largest mixed-use property developers, and Northwood Investors LLC, a leading privately-held global real estate investment firm, announced today the selection of Foster + Partners and Heller Manus Architects as architects for the approximately two million square foot mixed-use development in San Francisco.

This is the first residential and mixed-use project in San Francisco for Foster + Partners, the architects responsible for the Apple Campus II in Cupertino and the Apple store on Union Square.

The First and Mission project comprises two towers with 1.35 million square feet of office/commercial space and 650,000 square feet of residential units, and is situated in the Transbay Area.

"The collaboration of Foster + Partners and Heller Manus Architects puts San Francisco squarely in league with the world's greatest cities, including London, Shanghai, New York, Kuwait and Paris," said TMG Partners president and CEO Michael Covarrubias. "The Transbay site will be transformative and will be the last mixed-use development of this scale in this area of downtown."

Lord Foster, Founder and Chairman of Foster + Partners remarked, "The First and Mission towers are incredibly exciting in urban and environmental terms – bringing together places to live and work with the city's most important transport hub, the project further evolves a sustainable model of high density, mixed-use development that we have always promoted. The 605-foot residential tower reflects the scale of San Francisco's existing tall buildings, while the 850-foot hotel, residential and office tower rises above it as a symbol of this new vertical city quarter. The super-sized office floor plates will give tenants a high degree of flexibility, and their open layout is supported by an innovative orthogonal structural system developed for seismic stability. The point where the towers touch the ground is as important as their presence on the skyline. At ground level, the buildings are open, accessible and transparent – their base provides a new 'urban room' for the region, and the new pedestrian routes through the site will knit the new scheme with the urban grain of the city."

Under the Transbay Plan, a rezoning that was put in place to encourage density around the Transbay Terminal, the seven parcels at First and Mission are now zoned for an 850-foot tower and a 605-foot tower. The project will include a large floor plate office tower with frontage on First Street and a world class condominium portion that will be taller than any residential project on the West Coast.